Coupon certificate of deposit.



LEI) JULY 10, 190B Patented Oct. 15, 1912.

2 SHEETS-SHEET 1.

C. H. DAVIS.

COUPON CERTIFICATE OF DEPOSIT.

APPLICATION FILED JULY), 1908.

1,041,041 Patented Oct. 15, 1912.

2 BHEETS-SHEET 2.

FIE-E3 C,

cl l E CERTIFICATE I T; rzgzx'lirzr The title to i scerfih'cnfg mu wt delimymmkmy o i m h c a g do n 006 Trust ompany. Jan m 5 =3 BANK -o. 2 Payable n Any Interest Dme -C-C- ND- Y .5 Doevilla, V0., L90 p i This certifies nun has x 5 deppslted whh fins Cu. DOLLARS 3 4 'payable To ,I\\\\\\-:A|. 'CGT. 'TTTE +QF'IEE Pmcm n 5 I]\; h \\\ll llf?l7'/!,|. |l!.v. C u llllilllfl/r Ll /l|.l a UNIV/l1, lI|l wwl n/nlzlh I L w I 1 H lll(l ;ll l l 1.1141!A 1 \I LL); 1 J: ILL :'\y\ \A: I A 2;

I! r: I\.\\|\|\\\ l X X Cashier IresJHenT 3 The face value of this lflfCrCST coupon will be paid of its 'Maturny, or of any time 1hcreofrer, but this c upon is never good For more than its face value as mteres't isnor paid on Interest The hfle, iofhis coupon will pass bydelivery- O NO COUPON WILL BE PAID BY THE COMPANY O O (a)- Which |s punched for more than one per ceni of the 0 face value uf'the cerrihmic from which if was defached This fare value us punched on the other side at this Coupon.

(n)- Which matured rior To ihedme of issue 4 H1: certificate, from which if was defqched This dafeis punched on the other side 0*! H153 Coupon.

I Q1, IE I 5 1:

FM or CERTIFICATE E I E] E:

anumfloz ark/luau when one space is Pu Good n crmanns HALL navrs, or rnrnnssuno, VIRGINIA.

COUPON CERTIFICATE OF DEPOSIT.

Specification of Letters Patent.

Patented ot. 15,1912.

Application filed July 10, 1908. Serial No. 442,818.

To all whom it may concern:

Be it known that I, CHARLES HALL DAVIS, a citizen of the United States, residing at Petersburg, in the county of-Dinwiddie and State of Virginia, have invented new and useful Improvements in Coupon Certificates of Deposit, of which the following is a specification.

This invention pertains to the coupon certificate of deposit system of banking set forth in my Patent No. 835,703, dated Nov. 13, 1906.

The purpose of the invention is to provide a folder containing one complete set of papers used in the above mentioned system of banking, and adapted to fulfil all the requirements of the same. The papers in their entirety embody a single sheet perforated crosswise at intervals to provide the certificate, si ature card, and coupons which are folde along the perforated lines and folded in zig zag relation whereby they may be superposed one upon the other for punching simultaneously, and for convenient detachment.

In the accompanying drawing wherein is illustrated the preferred embodiment of my invention Figure 1 is a perspective view of Y the folder partly unfolded, and Fig. 2 is a cross section of the folder showing the manner in which the several blanks are arranged. Fig. 3 illustrates the face of the certificate. Fig. 4: is a view of the reverse face of one of the interest coupons. Fig. 5 is a view showing the amount indicia employed on each of the parts of the instrument.

Referring in detail to the views wherein like letters of reference designate similar parts in the five figures shown, A refers to the signature card which is to be detached and retained by the issuing company. On its left margin at a the signature card has printed indicia for punching the amount of the certificate, which indicia is headed Face value of certificate. This indicia shown in detail in Fig. 5 is placed on each of the partsof the instrument in a manner to permit simultaneous punching thereof in all of the parts. The back of the sheet A is blank. For the purpose of indicating the use of the amount indicia, I have shown in Figs. 3, 4 and 5, the appearance of the parts when punched to indicate the face value of I) this paper is likewise provided with the indicia a for punching the amount of the issued certificate. This indicia and the articles of condition mentioned are printed on that side of the sheet corresponding with the printed side of the sheet A, thus placing the amounts for punching in substantially superposed relation. The back b of the sheet B has printed thereon any suitable matter. The next or-third sheet- C is the certificate proper, which contains substantially the information set forth in the certificate shown in my patent above referred to. On its left .margln c is indicated the columns for punching the Face value of certificate, (amount indicia a) and at the right hand margin 0 are noted the Interest periods or dates of maturity of the attached coupons. This side of the sheet C likewise agrees with sheets A and B. The opposite side of the certificate C is blank.

The remaining pages D of the folder constitute the several interest bearing coupons, which have on their left margins indicia, agreeing with indicia a for punching the amount of the issued certificate; and on the right hand margin the indicia for indicating the value of the coupons, as indicated in Fig. 1. The indicia columns of the coupons are arranged in precisely the manner described of A, B, and C, whereby said columns are, when folded, superposed with relation to the corresponding indicia of pages A, B and C. The opposite side (1' of each of the several co pons have printed thereon any suitable d 7 a, such as indicated in Fig. 4.

The signature card A serves the same function in the system as does the signature card set forth in my prior patent heretofore identified, viz: a receipt by the obligee for the certificate of obligation and the interest coupons attached thereto, this card bearing the signature of the obligee, and serving to identify the indorsements on the certificate of obligation and interest coupons when the latter are presented for redemption. As indicated in the drawing, the signature card bears amount. indicia in form similar to that of the remainder of the parts, and as this .card, prior to the completion of the transaction, is folded over the remainder of the parts, the amount indicia of the card w1ll be punched to accord with the punched indication carried by the remaining parts.

As the certificate of obligation is also in the form of a receipt issued by the obligor, it will be readily understood that the signature card and the certificate of obligation provide cross receipts each of which bears a punched indication of the face value of the certificate of obligation, the punching being provided at one operation, so that the punched indication is the same in both receipts. By this provision a check is provided against an attempt by either the obligee or obligor to question the amount of the certificate, the signature card refuting any claim by the obligee that the amount of the certificate has been raised, as well as av means to refute the claim by the obligor that the certificateis drawn to an insufficient amount.

The certificate of deposit herein disclosed is preferably used in the following manner:

' The folder shown in the drawings is issued by the depository when a time deposit is made by a depositor, the amount and date of the deposit beingindicated on the certificate, and at the same time the indicia indicated at a is punched to indicate the deposited amount, this punching simultaneously indicating the face value of the certificate of deposit on all of the parts of the folder. With the system disclosed in my prior patent above identified, the interest is payable at predetermined intervals, the intervals depending upon the interest rate, each interest coupon representing a one percent. value of the face value of the oertificate. As each interest coupon bears indicia also punchable and indicating the face value of the coupon, a punching of the interest indicia of all of the coupons will give them their proper value, each coupon, however, bearing difl'erent dates of maturity corresponding to the interest periods, examples of which are indicated in Fig. 3.

arrives, the next coupon is detached, and this.

operation is continued until all of the coupons have been used with the exception of the last, or until the depositor wishes to withdraw his deposit. Under either condition, the depositor makes disposition of the certificate of deposit as well as the interest coupon, either by attending the depository subsequent to this time being of no value since they have not matured) Upon arrival of the certificate of deposit at the depository its indorsement is checked with the signature card and, being found correct, the

amount deposited with the face value of the matured interest coupon is paid by the depository, closing the transaction.

By this arrangement of the certificate and coupons this type of folder is particularly adapted for use in connection with the whole and fractional rate of interest coupon system of deposit. 7

Having set forth the purpose of the invention what is claimed as new is 1. An interest bearing instrument of obligation, comprising a sheet provided with leaves integral with each other and further provided with folding lines bounding adjacent portions of said leaves to facilitate the severance of said leaves, one of said leaves carrying articles of agreement, another of said leaves having a portion for receiving a signature relating to said articles of agree ment, another of said leaves carrying a certificate, and others of said leaves being interest coupons, each leaf being provided with indicia distributed in a definite columnar direction for indicating different numerical denominations, and. also distributed in a second columnar direction for indicating the different units of each of said denominations, the indicia of the respective leaves being so positioned relatively to the latter that when said sheet is bent upon said folding lines, like portions of the indicia carried by the respective leaves are brought into registry to facilitate the simultaneous punching of said like portions.

2. An interest bearing instrument of obligation, comprising a sheet provided with leaves integral with each other and further provided with folding lines bounding adja-' cent portions of said leaves to facilitate the severance of said leaves one from another, one of said leaves carrying articles of agreement, another of said leaves having a portion for receiving a signature'relating to said articles of agreement, another ofosaid leaves carrying a certificate, and others of said leaves being interest coupons, each leaf being provided with indicia distributed in horizontally disposed columns for indicating different monetary denominations related decimally to each other, and also distributed in Vertically disposed columns crossing said horizontally disposed columns for indicating different units of each of said denominations, all of said columns being positioned 11 on the several leaves, so that m hand in presence of two subscribing ivhenislizid s eet is ijoentdupon saiddfgldirlllg witnesses.

ines i e portions 0 in icia carrie t e respective leaves are brought into reg istry CHARLES HALL DAVIS 5 to facilitate the simultaneous punching of Witnesses:

said like portions of indicia. WALTER SPARKLIN,

In testimony whereof I have hereunto set A. N. NEHUs. 

